# Bài viết Liên quan Dealers

Trung tâm Tin tức HTX cung cấp những bài viết mới nhất và phân tích chuyên sâu về "Dealers", bao gồm xu hướng thị trường, cập nhật dự án, phát triển công nghệ và chính sách quản lý trong ngành tiền kỹ thuật số.

Tracking Volatility Regimes: Gamma Exposure Heatmap

Glassnode introduces a new Gamma Exposure (GEX) Strike Heatmap, a proprietary tool designed to track how dealer hedging flows influence crypto market volatility over time. Unlike static snapshots, this visualization shows how gamma exposure shifts across strike prices as markets move, helping traders identify volatility regimes are likely to change. GEX measures whether dealers are net long (positive GEX) or short (negative GEX) gamma. Positive GEX acts as a volatility dampener, leading to range-bound conditions, while negative GEX accelerates price moves, often causing liquidity cascades. The heatmap reveals key features like persistent positive gamma “walls” that stabilize price and expanding negative zones that signal potential breakouts. An accompanying chart tracks total GEX over time, indicating whether the market is in a high or low volatility regime based on dealer positioning. Available for BTC, ETH, XRP, and SOL in Glassnode Studio, this tool offers systematic and discretionary traders deeper insight into how options flows affect short-term price action.

insights.glassnode02/24 13:15

Tracking Volatility Regimes: Gamma Exposure Heatmap

insights.glassnode02/24 13:15

Hong Kong proceeds with licensing regimes for virtual asset dealers and custodians

Hong Kong regulators are moving forward with new licensing requirements for cryptocurrency dealers and custodians following the conclusion of consultations. The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) announced the decision, which is part of a broader effort to strengthen oversight of the digital asset sector. This builds on the city’s existing regulatory framework, which already mandates licensing for crypto trading platforms and recently enacted a stablecoin licensing regime. Hong Kong aims to position itself as a trusted crypto hub with comprehensive regulations covering stablecoins, tokenization, and now dealer and custody services. Separately, the SFC also launched a consultation for licensing crypto advisory and management service providers, linking the proposals to anti-money laundering and counter-terrorist financing rules.

cointelegraph12/24 14:09

Hong Kong proceeds with licensing regimes for virtual asset dealers and custodians

cointelegraph12/24 14:09

Introducing: Taker-Flow-Based Gamma Exposure

Introducing a flow-based approach to Gamma Exposure (GEX) tailored for crypto options markets. Unlike traditional equity markets, crypto options exhibit distinct participant behavior and trade motivations, making conventional GEX heuristics unreliable. By leveraging taker-level trade data from venues like Deribit, this methodology reconstructs dealer positioning by mirroring cumulative taker flows—strike by strike and maturity by maturity—rather than relying on static assumptions. The resulting GEX metric identifies zones where dealer hedging flows may either stabilize prices (positive gamma, causing "pinning") or amplify volatility (negative gamma, creating "slippery" zones). This framework provides a dynamic, realistic view of market structure, helping traders anticipate volatility regimes and key price levels in assets like BTC, ETH, and SOL.

insights.glassnode12/18 17:13

Introducing: Taker-Flow-Based Gamma Exposure

insights.glassnode12/18 17:13

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